Closed

$520,000

1636 Mannheim Road, Westchester, IL 60154
8 Beds5 Baths5 days
1636 Mannheim Road·Westchester, IL 60154
8Bedrooms
5Bathrooms
1969Year Built
About This Home

Welcome to a prime investment opportunity in Westchester, IL! This charming 3-unit brick building boasts a full finished basement and six dedicated parking spaces at the rear, providing convenience for residents. The sizable units are a standout feature of this property. The first and second-floor residences each offer three bedrooms and 1.5 baths, and they are currently leased, ensuring a steady income stream. These units have recently undergone updates, including hardwood floors, new window air conditioners, spacious kitchens, and dining areas, enhancing the overall appeal. The garden unit, recently renovated with a new kitchen and appliances, presents an attractive and modern space for potential tenants. Currently vacant, this unit is ready for a new owner to either rent it out for additional income or move in and enjoy living rent-free. Residents will appreciate the comfort and style of these well-maintained living spaces. Location is key, and this property is strategically situated near the library, schools, expressways, and the Oak Brook shopping center. It's an ideal location for tenants seeking both convenience and accessibility. Investors will find this property particularly attractive, considering the current lease agreements and the potential for increased income. Take note of the coin laundry facility located in a separate section of the basement, providing an additional income stream for savvy investors. Recent updates, such as a new wooden fence and a new GFA furnace in the basement, 2nd floor unit was updated with refinished hardwood floors in all the rooms, and tiled flooring in the kitchen that contribute to the property's overall appeal and value. Don't miss out on this fantastic investment opportunity. Schedule your appointment today to explore the potential of this Legal 3-unit rental building in Westchester, IL. The City of Westchester compliance certificate can be found in "Additional information", there are no repairs required by the City.

MLS# 11951395Listed December 26, 2023Residential Income
Property Details

Beds & Baths

Total Bedrooms8
Total Bathrooms5
Total Rooms16

Size & Structure

Year Built1969
Lot Size0.060 acres

Location

CountyCook
TownshipProviso
Zip Code60154

Financial

List Price$520,000
Annual Taxes (2022)$9,111
Monthly Tax Est.$759
Parcel #15204080350000
Interior Features

Heating

Natural GasForced AirSteamSep Heating Systems - 2+

Basement

FinishedFullWalk-Out Access
Exterior & Lot

Construction

Brick

Roof

Asphalt
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

UnassignedOff AlleyOn SiteOwned
HOA & Community

Community Features

CurbsSidewalksStreet LightsStreet Paved
Schools
Elementary
Westchester Primary School
District: 92.5
Middle School
Westchester Intermediate School
District: 92.5
High School
Proviso West High School
District: 209
Tax & Financial
Annual Taxes
$9,111
Tax Year 2022
Monthly Tax Est.
$759
per month
Property Location

1636 Mannheim Road, Westchester, IL 60154Cook County

$520,000
1636 Mannheim Road
8 bd5 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
5 days on market
0.060 acres
$9,111/yr taxes
$3,492
estimated monthly payment
Principal & Interest
$2,733/mo
Property Tax
$759/mo
$520,000
20% — $104,000
3%50%
6.875%
3%12%
Loan Amount
$416,000
Down Payment
$104,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
HomeSmart Realty Group
Agent: Juan Garcia
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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